Day: October 26, 2023

This Brand New Meme Coin Just Raised $11 Million In A Firesale With No Roadmap

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The cryptocurrency space is indeed full of surprises. Recently, an emerging meme coin called $MEME, which has no roadmap or utility has already raised over $11 million in its ongoing firesale. Memecoin (MEME) Achieves A Major Milestone With Firesale MEME is an Ethereum-based memecoin that operates under the ERC-20 network, with a total supply of 69 billion MEME tokens. The token was designed by a web3 startup called Memeland and launched by the team that worked on 9GAG. According to the Memecoin fire sale page, the brand new meme coin…

Is the altcoin season back? How Bitcoin’s surge impacts the crypto market

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Amid tech stock turmoil, the crypto market shines, with a resurgence in Bitcoin, a rally in Ethereum, and notable gains in altcoins. Explore the factors driving this crypto boom. Over the past week, the crypto market has witnessed a roller coaster of events. Bitcoin (BTC) has surged by over 21%. Its current market price stands at around $34,000, with a momentous 16-month peak recorded at $35,150 on Oct. 23. But Bitcoin isn’t the only cryptocurrency basking in the limelight. Ethereum (ETH) has marked an impressive uptick of around 19%, currently…

Major Bitcoin mining manufacturer announces new miners to begin shipping in January

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Bitmain, the largest manufacturer of Bitcoin (BTC) mining ASICs, has shared news that its Antminer T21, an air-cooled miner, would begin shipping as early as January 2024. The Oct. 26 announcement goes on to highlight that the hardware can operate even in harsh conditions, with the ability to withstand 45 degrees Celsius, or 113 degrees Fahrenheit. Latest advancements in mining technology The global launch of the Antminer T21 took place during the Blockchain Life 2023 Forum in Dubai, where Bitmain proudly held the position of a “diamond sponsor” as part…

Ripple Partners with Uphold to Boost Cross-Border Crypto Payments

The collaboration with Uphold comes shortly after Ripple celebrated a recent triumph in its ongoing legal battle with the US SEC.  Blockchain payment infrastructure company Ripple has secured a new partnership with Uphold, a US-based crypto-focused financial firm known for providing innovative solutions to streamline business offerings. The new partnership, announced on October 24, will enable Uphold to provide enhanced crypto liquidity capabilities to Ripple, fostering faster and more efficient cross-border transactions for its diverse customers. Ripple Partners Uphold to Provide Fast Cross-Border Payments With this collaboration, Ripple will benefit…

Mercedes-Benz Reports Reduced Earnings in Q3 2023, Here’s Why

Mercedes-Benz cited higher inflation, supply chain-related costs, and a 329-million-euro foreign exchange setback, among the factors that shrank its Q3 2023 earnings. Luxury car maker Mercedes-Benz Group AG (ETR: MBG) has revealed that its earnings took a hit in the third quarter (Q3). According to a Thursday announcement by the firm, this reflects the current state of the market, which it described as “subdued”. Although its forecast for the full year is 12%-14%, the latest report means that Mercedes-Benz now expects the adjusted return on sales of its cars to…

UK passes bill to enable authorities to seize Bitcoin used for crime

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Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes. According to official data on the U.K.’s parliamentary acts website, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, meaning the bill would complete all the parliamentary stages in both houses of parliament. Introduced in September 2022, the passed legislation aims to expand authorities’ ability to crack down on the use of cryptocurrency in crimes like cybercrime, scams and drug…

Bloomberg Publishes New Documentary as Sam Bankman-Fried Prepares for His Stand in FTX Trial

As FTX disgraced founder Sam Bankman-Fried steps to defend himself in the court on Thursday, here’s what has transpired ever since the FTX bankruptcy. Sam Bankman-Fried will testify in defense of his actions leading up to the collapse of FTX and his entire digital asset empire. His legal team confirmed during a conference call with the judge on Wednesday that Bankman-Fried will take the stand at his fraud trial following the prosecution’s case. The 31-year-old FTX founder shall testify on Thursday afternoon unless there is a late change. Bloomberg has…

SHIB Will Lose Place To PEPE In New Bull Cycle, Analyst Makes The Case

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The crypto market is constantly in motion; there is a potential shift in SHIB and its position in the nascent sector. An analyst presented a bullish case for PEPE, which could directly impact SHIB’s position in the meme coin market. As of this writing, PEPE has considerably outperformed SHIB and other memecoins. PEPE records a 14% increase in the last 24 hours alone and a 90% increase over the past two weeks, while SHIB records an 18% profit over the same period. SHIB’s price trends to the upside on the…

Joe Biden to reveal leak that could spark Bitcoin prices, Washington Post reports

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Bitcoin prices have increased 20.27% in the last week, according to CoinMarketCap, following news around BlackRock’s Bitcoin spot exchange-traded fund (ETF) application. A new leak suggests that President Joe Biden is gathering tech executives at the White House to unveil new regulation that Bloomberg believes will have a spillover effect into the crypto industry. Comprehensive assessments underway In an Oct. 25 release fromThe Washington Post, the administration order is said to be made two days before the international summit in the United Kingdom, where government officials, prominent figures from Silicon…